Morocco - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in Morocco - 2022
Contents:
- Walnut Price in Morocco (CIF) - 2022
- Walnut Price in Morocco (FOB) - 2022
- Walnut Imports in Morocco
- Walnut Exports in Morocco
Walnut Price in Morocco (CIF) - 2022
The average walnut import price stood at $2,670 per ton in December 2022, shrinking by -8.2% against the previous month. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in February 2022 an increase of 1.6% m-o-m. As a result, import price attained the peak level of $3,645 per ton. From March 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Chile ($2,934 per ton), while the price for the United States ($2,104 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Chile (-0.4%), while the prices for the other major suppliers experienced a decline.
Walnut Price in Morocco (FOB) - 2022
The average walnut export price stood at $13,097 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Gambia ($31,000 per ton), while the average price for exports to Liberia stood at $12,500 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.3%), while the prices for the other major destinations experienced a decline.
Walnut Imports in Morocco
In 2022, after three years of growth, there was significant decline in supplies from abroad of walnuts, when their volume decreased by -9.6% to 16K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of 18K tons, and then reduced in the following year.
In value terms, walnut imports reached $52M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Walnut in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 13.3 | 20.6 | 31.9 | 21.8 | 17.9% |
| China | 1.0 | N/A | N/A | 19.1 | 167.3% |
| United States | 11.5 | 11.0 | 14.4 | 8.5 | -9.6% |
| Argentina | N/A | N/A | N/A | 1.3 | 0% |
| Turkey | 1.4 | 2.0 | 1.5 | 0.2 | -47.7% |
| Others | 1.7 | 1.8 | 2.4 | 0.5 | -33.5% |
| Total | 28.9 | 35.3 | 50.1 | 51.5 | 21.2% |
Top Suppliers of Walnut to Morocco in 2022:
- Turkey (undefinedK tons)
- Chile (7.0K tons)
- China (5.6K tons)
- United States (3.0K tons)
- Argentina (0.4K tons)
Walnut Exports in Morocco
Walnut exports from Morocco stood at 31 kg in 2022, therefore, remained relatively stable against 2021. Overall, exports recorded a sharp curtailment. The smallest decline of 99.9% was in 2021.
In value terms, walnut exports totaled $406 in 2022. Over the period under review, exports faced a sharp reduction. The smallest decline of 99.9% was in 2021.
| Export of Walnut in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Liberia | N/A | N/A | 0.4 | 0% | |
| Chile | 16.0 | N/A | N/A | 0% | |
| Germany | 1.7 | N/A | N/A | 0% | |
| Gambia | N/A | N/A | N/A | 0% | |
| Others | 22.9 | N/A | N/A | 0% | |
| Total | 40.6 | N/A | 0.4 | -90.1% | |
Top Export Markets for Walnut from Morocco in 2022:
- Liberia (30.0 kg)
- Gambia (1.0 kg)
This report provides an in-depth analysis of the walnut market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 222 - Walnuts
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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